Paces Ferry Wealth Advisors LLC decreased its holdings in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 1.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,610 shares of the computer hardware maker’s stock after selling 112 shares during the period. NVIDIA comprises 2.3% of Paces Ferry Wealth Advisors LLC’s portfolio, making the stock its 9th largest holding. Paces Ferry Wealth Advisors LLC’s holdings in NVIDIA were worth $2,895,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of NVDA. Norges Bank acquired a new position in NVIDIA in the fourth quarter worth approximately $6,279,217,000. BlackRock Inc. increased its holdings in NVIDIA by 2.1% in the fourth quarter. BlackRock Inc. now owns 177,839,722 shares of the computer hardware maker’s stock worth $52,304,441,000 after buying an additional 3,591,440 shares during the last quarter. TD Asset Management Inc. boosted its position in NVIDIA by 56.5% during the fourth quarter. TD Asset Management Inc. now owns 5,846,984 shares of the computer hardware maker’s stock worth $1,719,657,000 after purchasing an additional 2,111,668 shares during the period. Cibc World Markets Corp boosted its position in NVIDIA by 732.5% during the fourth quarter. Cibc World Markets Corp now owns 1,989,809 shares of the computer hardware maker’s stock worth $585,223,000 after purchasing an additional 1,750,783 shares during the period. Finally, Geode Capital Management LLC boosted its position in NVIDIA by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 41,888,133 shares of the computer hardware maker’s stock worth $12,287,340,000 after purchasing an additional 1,505,461 shares during the period. Institutional investors own 55.19% of the company’s stock.
Shares of NASDAQ:NVDA opened at $145.23 on Monday. NVIDIA Co. has a twelve month low of $143.92 and a twelve month high of $346.47. The firm has a market cap of $363.08 billion, a PE ratio of 38.94, a price-to-earnings-growth ratio of 2.13 and a beta of 1.63. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.75 and a current ratio of 5.32. The business has a fifty-day moving average of $175.12 and a 200-day moving average of $225.08.
NVIDIA (NASDAQ:NVDA – Get Rating) last announced its earnings results on Wednesday, May 25th. The computer hardware maker reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.07. NVIDIA had a return on equity of 43.81% and a net margin of 32.02%. The company had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.09 billion. During the same period last year, the company posted $0.78 earnings per share. The firm’s quarterly revenue was up 46.4% compared to the same quarter last year. On average, analysts anticipate that NVIDIA Co. will post 4.54 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Thursday, June 9th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.11%. The ex-dividend date was Wednesday, June 8th. NVIDIA’s dividend payout ratio is 4.29%.
In related news, Director John Dabiri sold 2,200 shares of the firm’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $185.59, for a total value of $408,298.00. Following the transaction, the director now owns 2,712 shares in the company, valued at $503,320.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark A. Stevens sold 113,850 shares of the firm’s stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $158.03, for a total value of $17,991,715.50. Following the transaction, the director now owns 2,596,493 shares in the company, valued at approximately $410,323,788.79. The disclosure for this sale can be found here. In the last quarter, insiders sold 139,694 shares of company stock worth $22,850,524. 4.04% of the stock is owned by company insiders.
A number of brokerages have issued reports on NVDA. Truist Financial decreased their target price on NVIDIA to $283.00 in a research report on Thursday, May 26th. New Street Research raised NVIDIA from a “neutral” rating to a “buy” rating and set a $280.00 price objective for the company in a research report on Wednesday, April 13th. Susquehanna Bancshares reduced their price objective on NVIDIA from $280.00 to $260.00 and set a “positive” rating for the company in a research report on Thursday, May 26th. Susquehanna reduced their price objective on NVIDIA from $280.00 to $260.00 in a research report on Thursday, May 26th. Finally, Piper Sandler reduced their price objective on NVIDIA from $350.00 to $250.00 and set an “overweight” rating for the company in a research report on Wednesday, May 25th. Seven investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $266.41.
About NVIDIA: (Get Rating)
NVIDIA Corporation provides graphics, and computing and networking solutions in the United States, Taiwan, China, and internationally. The company’s Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.
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